TAUNTON – “Sometimes if things sound too good to be true they are,” said City Councilman David Pottier to the Tauntongazette.com, saying he wants fuller disclosure on the acquisition of Morton Hospital and Medical Center.
The nonprofit hospital’s board of trustees voted in favor of being purchased and merging with the for-profit Steward Health Care System. Steward agreed to invest $25.5 million in the first year and to invest $110 million to $120 million in a 10-year capital investment program.
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The deal is pending approval from the state’s attorney general’s office. Morton CEO Maureen Bryant said no layoffs would result from the merger and Steward would cover the nearly $60 million in combined pension-liability and repayment of long-term debt.
Pottier aired his concerns over the tax implications during a meeting on Tuesday evening.
Council President Sherry Costa-Hanlon questioned whether the merger would affect the city’s agreement with ambulance company American Medical Services which says the company handles all emergency calls at no expense to the city, Tauntongazette.com said.
